Hey!!Mr.Metals:
What a day Friday rally on SVB stocks, DML rallied from .22 to .55
NAi .105 to .36
CWA .04 to .07 with DML more than 2,000,000 shares.
In fact, this rally is more than significant.
This market behavior tells me that SVB stocks have bottomed out, Friday trading pattern is a "spike" pattern, it indicated that oh yeah YAHOHOHOHOHO THAT SVB stocks hit the low and began to move upward from Friday long term. In short term, unfortunately, NAI daily chart demonstrated a "head and shoulder" top, today NAI intended to move near the neckline and confirmed its short term negative pattern; My best bet [not intend to be SVB guru] is as follows:
Since NAI or DML or CWA trading patternson FRiday showed that reversal pattern in near very short term [could be 3days ] that market will do the following:
If I am an agressive buyer, I will buy at 50% retracement that is
DML has rallied from .22 to .55 [a gain of .33]
50% of .33 is .16 .55-.16 =.39
I put my buy order right now at .39 or .40 area [watch house #6,#9, and ##82 that is Mr. John Paquet's house numbers.}
NAI has a rally from .105 to .36 [ a gain of .25]
50 % retracement of 25 is 13 .36-13 is 23
I put my buy order now at .23 or .24 area
CWA has a rally from .04 to .07 [a gain of .03]
50% retracement is .015 .07-.015=.055
I would put my buy order at .055
John Paquet |
